KARACHI: Rehan Shaikh has been appointed as new Chief Executive Officer (CEO) of the Standard Chartered Bank (SCB) Pakistan in place of Shazad Dada from July 2020, the bank announced here on Tuesday.
The Board of Directors of SCB Pakistan has given green signal for the appointment of Rehan Shaikh as new CEO/Director of the bank in place of Shazad Dada, but it subject to necessary regulatory approval from the State Bank of Pakistan (SBP).
The SCB has also formally submitted its request to State Bank for his final regulatory approval, the bank sources said.
Mr Sheikh is currently CEO, Islamic Banking at Standard Chartered Bank. He has extensive senior management and diversified banking experience in Pakistan and internationally, across retail, commercial and corporate and institutional banking and Islamic banking segments.
On May 7, 2020, the board of directors of United Bank Limited (UBL) announced that Shazad G. Dada has been appointed as President and Chief Executive Officers (CEO) of UBL for a period of three-year.
The appointment of Shazad Dada is also subject to the approval of the State Bank and compliance with all applicable laws, rules and regulations in this regard.
The Board of Directors of UBL in its meeting held on May 6, 2020 has decided to appoint Shazad G Dada as President and CEO of UBL with effect from July 1, 2020 for a term of 3 years.”